Monday, October 21, 2019

Yamuna City investments soar on Jewar airport buzz

Yamuna City: The upcoming Jewar airport, set to be the country’s largest and expected to cater to 43 districts around it, has led to investments worth nearly Rs 7,000 crore in just 20 months.
“After the Jewar airport was approved in January last year, the interest of entrepreneurs in the region has gone up,” said Shailendra Bhatia, officer on special duty, Yamuna Expressway Industrial Development Authority (YEIDA). Between February last year and October 4 this year, YEIDA has allotted 338.21 acre land to about 180 units in Yamuna City, with investments of Rs 6,888 crore.

“The allotments are in the industrial and institutional segments, which will boost the economy and liveability index of the region,” said Arun Vir Singh, CEO of YEIDA. Most of the land allotted is along the Yamuna Expressway — in Sectors 22E, 23E, 24, 29, 32 and 33.

“Land allotment is being done through the single-window system with the stipulation that the unit will have to start within three to four years from the date of allotment … Lakhs of jobs are expected to be created with these allotments — 52,461 people will get direct employment with the arrival of these companies,” Bhatia added.
21/10/19 Meenakshi Sinha/Times of India
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